Sesame Oil Market - Japan Is the World’s Leading Sesame Oil Exporter
Vegetable And Animal Oils And Fats October 05, 2015
Japan dominates in the global sesame oil trade. In 2014, Japan exported 6 thousand tonnes of sesame oil totaling 44 million USD, 9% over the previous year. Its primary trading partner on the global sesame oil market was the U.S., where it supplied 73% of its total sesame oil exports in value terms, accounting for 45% of the U.S. total imports.
From 2007 to 2014, Japan was a net exporter of sesame oil. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.
Mexico and Singapore were among the other main global suppliers of sesame oil in 2014. However, the fastest growing exporters from 2007 to 2014 were the United Republic of Tanzania (+93% per year) and Mexico (+16% per year). Mexico significantly strengthened its position in the global export structure.
In 2014, Japan's top 5 trading partners were the U.S., Canada, Singapore, China and Australia, with a combined 89% share of Japan's sesame oil exports. The share of Canada increased (+3 percentage points), while the share of the U.S. illustrated negative dynamics (-5 percentage points).
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Source: World: Sesame Oil - Market Report. Analysis And Forecast To 2020
